Friday, 24 March, 2023

UK may block Nvidia's $40 bn acquisition of Arm: Bloomberg

<p>The UK govt is considering blocking Nvidia&#39;s $40 bn acquisition of the British peer Arm on potential national security risks, Bloomberg News reported. The merger would establish a key player in the global semiconductor industry, which is critical for 5G networks and AI. Bloomberg said the UK&#39;s Competition and Markets Authority assessment report has said that the acquisition will have grave repercussions on the country&#39;s national security.</p>